Question:
The Dodd-Frank wall street reform and protection act stipulated that if more than $1 million is collected, the whistle-blower is entitled to _____ of the monies collected.
A) between 10 and 30 percent
B) a minimum of 50 percent
C) a minimum of 75 percent
D) between 50 and 75 percent
Answer:
The correct answer is A) Between 10 and 30 percent of the monies collected.
Explanation:
The Dodd–Frank Wall Street Reform and Consumer Protection Act (also known as Dodd–Frank) is a US Federal Law that was instituted on July 21, 2010.
It was created to revamp the financial regulation in the aftermath of the Great Recession, and brought about reforms to all federal financial regulatory agencies and almost every part of the nation's financial services industry.
Under the act, whistle blowers were promised 10-30 percent of all monies collected.
Cheers!
Answer:
C)
In order to use the Cost-Benefit Principle correctly we need to compare the marginal benefit of the new spending, which is $25 million, with the marginal cost of the new spending, which is $50 million. This new spending makes no economic sense.
Explanation:
The cost-benefit principle in accounting states that the additional benefit must outweigh additional cost in an accounting system.
Spending of $250 million is giving $400 million revenue. The new proposal of spending $300 million to get $425 million implies we are spending extra $50 million to make extra $25 million.
This is not a good investment according to the cost-benefit principle.
Answer:
Scenario analysis
Explanation:
Scenario analysis is defined as the process of analysing future occurences by choosing present alternatives. It shows different future possibilities of an event, and not just one.
It is a for of projection analysis.
For example the manager's analysis is: if a severe earthquake occurred while the company was filming a movie, there could be deaths and injuries, destruction of movie sets, delays in production, costs associated with filming at an alternative location, and loss of reputation and good will.
Answer:
Utilitarianism.
Explanation:
Utilitarianism is extraordinary compared to other known and most compelling moral theories. Like different types of consequentialism, its center thought is that whether activities are morally right or wrong relies upon their belongings. All the more explicitly, the main impacts of activities that are important are the great and terrible outcomes that they produce.
Answer: c. An inside director is a board member who also holds a managerial position in the company
Explanation:
Inside Directors are indeed Board members who are employees/ hold managerial positions in the company.
They are in a unique position to help the board in Corporate Governance because as they are on the ground, they have specialized knowledge of the company and as such can provide complete information to the Board.
They typically include a Company's top executives such as the CEO, CFO and the COO.
